> Homeowners aren't going to sell into a market with precipitously declining prices.

If they "need" to move they will. Lose the ability to pay property taxes, baby boomer's departing earth, AirBnBust, raising insurance rates, job loss, and many other reasons...

The market is frozen right now. Mainstream media is lying to us, Realtors are manipulating the listings, Homebuilders are playing games with listings, accounting and land. The charade will not hold up for much longer.